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Preview of Some Key 2017 Tax Figures

 Preview of Some Key 2017 Tax Figures While official numbers for 2017 are not yet released by the Internal Revenue Service (IRS), many figures are based on the Consumer Price Index (CPI) published by the Department of Labor. Using the release of recent CPI figures, a number

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What to Do With Your Social Security Statement

What to Do With Your Social Security Statement The Social Security Administration is now doing a better job in sending out earnings reports by mailing paper statements to workers every five years beginning at age 25. The reports are also available online. These reports recap historic earnings

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Can’t Keep Up with Bills? QuickBooks Online Can Help

 Can’t Keep Up with Bills? QuickBooks Online Can Help There are more pleasant accounting tasks than paying bills, but QuickBooks Online organizes and simplifies this critical chore. How does your company keep track of its bills now? If you’re like a lot of small businesses, you’re still

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What Are Payroll Items in QuickBooks?

What Are Payroll Items in QuickBooks? If you plan to process your own payroll using QuickBooks, you need to understand how payroll items work. Considering processing your own payroll in QuickBooks? Whether you’re moving from a payroll service or getting ready to pay your first employee, you’re

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Tips For Early Retirement

Tips for Early Retirement When would you like to retire? Even if the answer is later versus sooner, most of us would like the freedom to decide. To do this, consider what it would take to create financial independence in retirement. Here are some ideas to help

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In the News: The Student Tax Scam

In the News: The Student Tax Scam IMPORTANT: Please pass this information on to each of your children and any family with kids in school. Your best defense is awareness. With school just around the corner, the IRS has reminded us to pay attention to a new

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Protecting Your Social Security Number

Very few things in life can create a higher degree of stress and hassle than having your Social Security Number (SSN) stolen. This is because, unlike other forms of ID, the SSN is virtually permanent. While most instances of SSN theft are outside your control, there are

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Ideas to Improve Your Cash Flow

Ideas to Improve Your Cash Flow One of the most common reasons businesses fail is due to lack of understanding of cash flow. The same can be said about your household’s personal financial statement. So what is this cash flow concept, how does it apply to you,

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Charitable Donations from Your IRA

Charitable Donations from Your IRA  One of the temporary tax provisions made permanent as part of the tax code in late 2015 is qualified charitable distributions from IRAs for those who have reached age 70½. Unfortunately in 2014 and 2015, the law was extended too late during

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The IRS is Not Always Right

 The IRS is Not Always Right Quotes from actual IRS correspondence received by clients: “Our records show we received a 1040X…for the tax year listed above. We’re sorry but we cannot find it.” “Our records show you owe a balance due of $0.00. If we do not

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Bayside Accounting Services

5503 Muddy Creek Road, Suite 3
Churchton, MD 20733

443-203-9191
support@baysideaccountingservices.com

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